Common use of Cross-Collateral Clause in Contracts

Cross-Collateral. Debtor grants to Secured Party a security interest in all collateral securing the payment and performance on any and all absolute or contingent obligations and liabilities of Debtor to Secured Party, now existing or hereinafter arising, whether under this Security Agreement or any other agreement between Debtor and Secured Party, including, but not limited to, security agreement retail installment contracts and equipment lease agreements.

Appears in 3 contracts

Sources: Direct Loan Security Agreement (Sports Resorts International Inc), Direct Loan Security Agreement (Boyd Bros Transportation Inc), Direct Loan Security Agreement (Boyd Bros Transportation Inc)